Economy Minister speaks to Swiss-Hungarian Chamber of Commerce

Conferences

Hungary’s Economy Minister Mihály Varga yesterday acknowledged the importance of investments made by Swiss companies in Hungary and developments supported by the Swiss Contribution Fund, at a meeting of the Swiss Hungarian Chamber of Commerce, Hungarian news agency MTI reported. 

Recent investments made by Switzerlandʼs Nestle, PhoenixMecano, Stadler and Fraisa are a sign of an improving business environment in Hungary, according to Varga, who added that approximately 300 Swiss-owned companies in Hungary employ nearly 40,000 people. Switzerland is the seventh-largest foreign investor in Hungary, he said, with CHF 132 mln in support coming from the Swiss Contribution Fund alone. 

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